The Ibovespa edged down to trade below 177,500 on Tuesday after new US attacks on Iran reduced expectations that a peace agreement could be reached soon. The latest strikes renewed uncertainty over when the Strait of Hormuz might reopen, reviving concerns about prolonged inflation and higher-for-longer interest rates. Major banks posted losses, with Santander, Bradesco, and Itau all falling close to 1%. Utilities also traded lower, with Axia down more than 1%. Elsewhere, Rede D'Or lost over 1% after signing an investment agreement with Atlantica, a group formed by two indirect subsidiaries of Bradesco Saude, related to the future construction and operation of a hospital in Rio de Janeiro. Sao Martinho also fell more than 1% despite reporting EBITDA above forecasts in Q1 2026. On the trade front, Japan is set to begin negotiations for an Economic Partnership Agreement with Mercosur.